Robinhood Markets Inc HOOD shares are trading higher Tuesday after the company reported monthly customer metrics.
What Happened: In a new regulatory filing, Robinhood said customers contributed roughly $1.4 billion of net deposits to Robinhood in November.
Equity notional trading volumes and options contracts traded were roughly in line with October levels. Notional trading volumes of crypto were approximately 75% above October.
Robinhood said it plans to release its full operating data numbers for November in the coming weeks.
Ark Invest also increased its Robinhood position this week, adding 14,702 shares to the ARK Fintech Innovation ETF ARKF, which could be helping push shares higher Tuesday.
Related Link: Cathie Wood's Ark Invest Dumps Over $1.4M Worth Of Coinbase Shares Amid Crypto Rally, Buys More Robinhood
HOOD Price Action: Robinhood shares were up 3.66% at $9.90 at the time of publication, according to Benzinga Pro.
Photo: courtesy of Robinhood.
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